Subject: File No. SR-NYSEArca-2021-90
From: Daniel Notary
Affiliation:

May. 09, 2022

I am a GBTC shareholder and would like GBTC to be converted to an ETF. 


The main reason this would be exciting is because it would be the first spot ETF, which I think is essential. There doesn't seem to be any good reason to deny a spot ETF: if it's to protect investors, then why allow the futures ETFs where leverage can quickly ruin traders? If it's not to protect anyone, then why not allow for more freedoms for individuals to decide? Please allow Grayscale to convert this product. 


Thanks, 
Daniel